Tsy futures were steady/mixed after....>

US TSY FLOWS: Tsy futures were steady/mixed after the bell, an inside range

session w/ long end underperforming all day. Muted volumes with TYU only adding

appr 500k more since the opening NY level of 400k.

- Holding near bottom overnight range into the NY open after the late Monday vol

induced by WH advisor Navarro comment on China trade deal "over" followed by

retraction. 

- Yld curves modestly steeper w/long end underperforming. Volume pick-up during

early London hours as two-way turned better selling in belly-long end,

pre-auction short sets and deal-tied hedging in the mix.

Rates bounced off lows post PMI (miss vs. estimate but marked improvement from

prior month) but maintained range w/ futures back near earlier session highs.

- Tsy 2Y note auction stopped through, US Tsy $46B 2Y Note auction (912828ZX1)

awarded a 0.193% rate (0.178% last month) vs. 0.195% WI, bid/cover 3.53 vs. 2.68

previous.

- The 2-Yr yield is down 0.2bps at 0.1898%, 5-Yr is down 1.1bps at 0.3283%,

10-Yr is up 0.3bps at 0.7118%, and 30-Yr is up 3bps at 1.4944%.